Sager won the Academy Award for Best Song in 1981 for "Arthur's Theme (Best That You Can Do)", the theme song from the film Arthur. She shared the award with co-writers Peter Allen, Burt Bacharach, and Christopher Cross. She received the Grammy Award for Song of the Year in 1987 for "That's What Friends Are For", which she co-wrote with Bacharach. She was inducted into the Songwriters Hall of Fame in 1987.
